https://www.live-feeds.com/feed/bank-of-america-fined-1-2bn-over-failing-to-stop-money-launderingContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bank-of-america-fined-1-2bn-over-failing-to-stop-money-launderinghttps://www.live-feeds.com/feed/bank-of-america-fined-1-2bn-over-failing-to-stop-money-laundering#u126815Sat, 17 Oct 2026 05:30:03 +0000Bank of America has been fined $1.2 billion by the US Treasury Department for failing to detect and stop potential money laundering and other illegal financial activity. The fine is one of the largest in US Treasury history and relates to the bank's inadequate reporting of suspicious transactions, including those potentially linked to Chinese money laundering networks.Why it mattersThe fine is a significant development in the US government's efforts to crack down on financial institutions' failures to comply with anti-money laundering regulations. Bank of America's failure